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Consolidated Balance Sheets - USD ($)
$ in Thousands
Nov. 30, 2016
Feb. 29, 2016
CURRENT ASSETS:    
Cash and cash equivalents $ 23,713 $ 37,394
Restricted cash from collections on auto loan receivables 357,040 343,829
Accounts receivable, net 92,003 132,171
Inventory 2,170,175 1,932,029
Other current assets 41,347 26,358
TOTAL CURRENT ASSETS 2,684,278 2,471,781
Auto loan receivables, net 10,333,318 9,536,892
Property and equipment, net 2,449,343 2,161,698
Deferred income taxes 155,995 161,862
Other assets 137,133 127,678
TOTAL ASSETS 15,760,067 14,459,911
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Accounts payable 476,757 441,746
Accrued expenses and other current liabilities 224,585 245,909
Accrued income taxes 2,071 2,029
Short-term debt 880 428
Current portion of finance and capital lease obligations 10,566 14,331
Current portion of non-recourse notes payable 312,858 300,750
TOTAL CURRENT LIABILITIES 1,027,717 1,005,193
Long-term debt, excluding current portion 888,161 713,910
Finance and capital lease obligations, excluding current portion 466,965 400,323
Non-recourse notes payable, excluding current portion 10,129,401 9,206,425
Other liabilities 232,439 229,274
TOTAL LIABILITIES 12,744,683 11,555,125
Commitments and contingent liabilities
SHAREHOLDERS’ EQUITY:    
Common stock, $0.50 par value; 350,000,000 shares authorized; 187,351,060 and 194,712,234 shares issued and outstanding as of November 30, 2016 and February 29, 2016, respectively 93,676 97,356
Capital in excess of par value 1,160,484 1,130,822
Accumulated other comprehensive loss (60,135) (70,196)
Retained earnings 1,821,359 1,746,804
TOTAL SHAREHOLDERS’ EQUITY 3,015,384 2,904,786
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 15,760,067 $ 14,459,911